Section 48

The failure of a company to comply with subsection (1) shall be an offence under subsection 120(1) of the principal Act.

A statement under this section may be furnished to the Director

General in accordance with section 152A of the principal Act.

Where in relation to a year of assessment 2008, 2009, 2010,

2011, 2012, 2013 or 2014 a company fails to render a statement in accordance with this section or section 45 of the Finance Act 2007 the

Director General may compute the amount of excess referred to in section 48 of the Finance Act 2007 or section 49 and shall serve on the

42 Laws of Malaysia ACT 693

company a written requisition in the prescribed form calling upon the company to pay an amount equal to that excess and an amount of an increase not exceeding the amount equal to that excess, and the amount equal to that excess and the increase on that amount shall be a debt due from the company to the Goverment and that debt shall be payable forthwith to the Director General upon the service of the requisition.

Any debt due under this section shall be recoverable as if it were tax due and payable under the principal Act.

Amount in excess of 108 balance